Profits Surge At DigitalInsight
CALABASAS, Calif. - (07/27/05) -- Internet services provider DigitalInsight Corp. said Tuesday that net income for its second quarterrose 41% to $6.4 million, or 18 cents a share, from the same periodlast year. Second quarter earnings were fueled by a 12% rise inrevenues to $52.3 million. For the period revenues for thecompany's Internet Banking unit advanced 13%, and for its BusinessBanking by 14%. Lending reveneus slumped 6%, reflecting clientattrition. For the first six months of the year DI reported a 13%rise in revenues, to $104 million, and a 40% surge in net income,to $12.1 million, or 34 cents a share.